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  1. Asked: July 31, 2024In: Business

    What is customer lifetime value?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:03 am

    The CLV is the total value that a customer is to a business for the whole period of association.

    The CLV is the total value that a customer is to a business for the whole period of association.

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  2. Asked: July 31, 2024In: Business

    What is competitive advantage?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:01 am

    It is that attribute held uniquely by a firm that enables such a firm to outperform its competition.

    It is that attribute held uniquely by a firm that enables such a firm to outperform its competition.

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  3. Asked: July 31, 2024In: Business

    What is an IPO?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 10:59 am

    An IPO is short for Initial Public Offering, which is basically a private company's first sale of shares to the public.

    An IPO is short for Initial Public Offering, which is basically a private company’s first sale of shares to the public.

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  4. Asked: July 31, 2024In: Business

    What is corporate social responsibility?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 10:58 am

    It is a company's commitment towards ethical behavior, social equity, and environment sustainability.

    It is a company’s commitment towards ethical behavior, social equity, and environment sustainability.

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  5. Asked: July 31, 2024In: Business

    What are the responsibilities of the CEO?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 10:57 am

    The Chief Executive Officer is responsible for the overall management, strategy, and performance of the company.

    The Chief Executive Officer is responsible for the overall management, strategy, and performance of the company.

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  6. Asked: July 31, 2024In: Business

    What is a value proposition?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 10:55 am

    A value proposition is a statement indicating why customers should choose a company's product or service over that of the competition.

    A value proposition is a statement indicating why customers should choose a company’s product or service over that of the competition.

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  7. Asked: July 31, 2024In: Business

    What is the difference between revenue and profit?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 10:53 am

    Revenue is defined as the total income received from the sale of a good/service, while profit is the money remaining after subtraction of all expenses from the revenue.

    Revenue is defined as the total income received from the sale of a good/service, while profit is the money remaining after subtraction of all expenses from the revenue.

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  8. Asked: July 31, 2024In: Business

    What is segmentation?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 10:51 am

    Segmentation involves breaking down a market into homogeneous groups of consumers who have comparable needs or characteristics.

    Segmentation involves breaking down a market into homogeneous groups of consumers who have comparable needs or characteristics.

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  9. Asked: July 31, 2024In: Business

    What is a business model?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 10:50 am

    The business model depicts how the firm generates, delivers, and captures value.

    The business model depicts how the firm generates, delivers, and captures value.

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  10. Asked: July 31, 2024In: Automobile

    What is the difference between adaptive cruise control and normal cruise control?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 10:42 am

    Regular cruise control holds a steady speed, whereas adaptive cruise control system uses its sensors to automatically modulate the speed of the car besides ensuring a safe distance from that of the vehicle in front.

    Regular cruise control holds a steady speed, whereas adaptive cruise control system uses its sensors to automatically modulate the speed of the car besides ensuring a safe distance from that of the vehicle in front.

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